Sphere 3D (NASDAQ:ANY) Downgraded by StockNews.com

StockNews.com cut shares of Sphere 3D (NASDAQ:ANY) from a hold rating to a sell rating in a report published on Tuesday.

Separately, HC Wainwright lowered their price target on Sphere 3D from $4.00 to $3.00 and set a buy rating for the company in a research report on Monday, August 19th.

Sphere 3D Trading Up 1.0 %

Shares of NASDAQ:ANY opened at $0.95 on Tuesday. The stock has a fifty day simple moving average of $1.01 and a two-hundred day simple moving average of $1.26. Sphere 3D has a 12-month low of $0.57 and a 12-month high of $4.09. The stock has a market capitalization of $17.47 million, a price-to-earnings ratio of -0.52 and a beta of 2.85.

Insider Activity

In related news, CEO Patricia Trompeter sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $1.14, for a total value of $171,000.00. Following the completion of the transaction, the chief executive officer now directly owns 549,687 shares in the company, valued at approximately $626,643.18. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Sphere 3D news, CFO Kurt L. Kalbfleisch sold 80,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $1.17, for a total transaction of $93,600.00. Following the transaction, the chief financial officer now owns 124,189 shares in the company, valued at approximately $145,301.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patricia Trompeter sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $1.14, for a total transaction of $171,000.00. Following the sale, the chief executive officer now directly owns 549,687 shares in the company, valued at approximately $626,643.18. The disclosure for this sale can be found here. Corporate insiders own 5.59% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sphere 3D stock. Crescent Grove Advisors LLC acquired a new position in Sphere 3D Corp. (NASDAQ:ANY) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 17,005 shares of the technology company’s stock, valued at approximately $26,000. Crescent Grove Advisors LLC owned 0.10% of Sphere 3D at the end of the most recent reporting period. Institutional investors and hedge funds own 17.28% of the company’s stock.

About Sphere 3D

Sphere 3D Corp. engages in the bitcoin mining business. It is involved with digital asset mining pool operators to provide computing power to the mining pools. The company is based in Stamford, Connecticut.